Canada Energy Partners private placement

2022-02-02 14:12 MT - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 6, 2022.

Number of shares:  5,052,500 shares

Purchase price:  eight cents per share

Warrants:  5,052,500 share purchase warrants to purchase 5,052,500 shares

Warrant exercise price:  12 cents for a one-year period

Number of placees:  14 placees

Pro groups:  260,000, one placee

Finders' fees:  $3,600 and 45,000 finders' warrants payable to National Bank Financial Inc. $24,736 and 309,200 finders' warrants payable to PI Financial Inc.

Each finder's warrant entitles the holder to acquire one common share at 12 cents for a one-year period.

Pursuant to corporate finance Policy 4.1, Section 1.9(e), the company has issued a news release announcing the closing of the private placement on Jan. 31, 2022, and setting out the expiry dates of the hold period(s).